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Sep 30, 2010
09/10
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joining us now with more on h-p is tom smith, equity analyst at standard and poor's. hi, tom. >> hi, thanks for having me. >> susie: so is leo apotheker the right person for this job. >> hp could have chosen from all across silicon valley and they chose him. he is a guy with some stormy tenure in his last days at hp but he knows software deeply as does ray lane and i think he can steer the company in a useful direction by taking them into software. >> susie: so actually that is interesting. both-of-these two new top executives have software expertise. do you think that means that hp is going to move more in that direction and away from hardware and services? >> well, i think so. i think they have recently built up the services through the eds acquisition and hardware through 3come, the palm, the three par acquisitions this area and some others. so i think they are really set up well in hardware to expand in a comprehensive data center offering. but you want hardware software and services and software where they are looking-- lacking in terms of what shows as a percent
joining us now with more on h-p is tom smith, equity analyst at standard and poor's. hi, tom. >> hi, thanks for having me. >> susie: so is leo apotheker the right person for this job. >> hp could have chosen from all across silicon valley and they chose him. he is a guy with some stormy tenure in his last days at hp but he knows software deeply as does ray lane and i think he can steer the company in a useful direction by taking them into software. >> susie: so actually...
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Sep 30, 2010
09/10
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Ü$ >> susie: the recession has had a big impact on us-- and not just our bank accounts. for some people, the financial crisis has strained personal relationships. with that in mind, tonight's "money file" looks at a financially friendly alternative to divorce court. here's julie stav, senior financial expert at univision. >> going through a divorce is never easy, but in what may be the worst economic downturn most of us have ever experienced, breaking up can be even more financially devastating due to increasing legal fees, overcrowded court calendars and the reduced values of homes, investments and retirement accounts. but, as it often occurs, out of desperation comes inspiration. and, according to recent studies by the institute for divorce financial analysts, only 1% of the cases using alternative divorce methods cost couples more than $15,000, compared with 11% of litigated cases. this new process, also called mediation, takes the litigation out of the courtrooms and replaces it with consultations in the offices of professionals like financial planners, mental- healt
Ü$ >> susie: the recession has had a big impact on us-- and not just our bank accounts. for some people, the financial crisis has strained personal relationships. with that in mind, tonight's "money file" looks at a financially friendly alternative to divorce court. here's julie stav, senior financial expert at univision. >> going through a divorce is never easy, but in what may be the worst economic downturn most of us have ever experienced, breaking up can be even more...
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Sep 29, 2010
09/10
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the web, they can call us from their smart phone, they can text us, it's just user friendly. >> reporter: taximagic software can help take the load off a cab company's dispatch system. >> if you can see on the phone where the cab is on it's way to pick you up, you're less likely to call the operator and say, "dude, where's my car?" >> reporter: taximagic began with a business plan to integrate taxi charges into expense account software. but when it launched the taximagic smart phone app, things really took off. the service is now available in 30 metro areas, including san francisco, chicago and los angeles. >> i don't think we would be here if there wasn't such a thing as the iphone. our business was nice of the blackberry and nice on the web, but when the iphone came out was when everything went crazy. >> reporter: and just as everything was getting going, the financial crisis hit. but with backing from expense account software firm concur and other investors, taximagic weathered the storm. >> it was super tough. we had our second round of investment lined up over the summer of '08, and
the web, they can call us from their smart phone, they can text us, it's just user friendly. >> reporter: taximagic software can help take the load off a cab company's dispatch system. >> if you can see on the phone where the cab is on it's way to pick you up, you're less likely to call the operator and say, "dude, where's my car?" >> reporter: taximagic began with a business plan to integrate taxi charges into expense account software. but when it launched the...
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Sep 28, 2010
09/10
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it brings us more access to new york's laguardia airport, as well as first-time access for us to reagan national airport in washington d.c.. >> susie: where kelly, why did you do it now? >> i feel like we're ready now. first of all, things are so much better today than they were a year ago. our profit outlook is solid. we have plenty of cash on hand. we have a very strong balance sheet, with credit rating agencies affirming our credit rating today. so financially we're very well prepared for this. we also have a very strong leadership team. who is ready to add this major task to our list. and then we have the tools in place today that we just haven't had in the past to optimize our route network and really generate significant revenues from optimizing schedules and also revenue management techniques. so it's been a very challenging economic environment. we would like to grow. we just haven't had opportunities to grow, and we're just delighted that we found this opportunity where with it we can grow and grow profitably. >> susie: analyst, call this deal a game changer. what do you think
it brings us more access to new york's laguardia airport, as well as first-time access for us to reagan national airport in washington d.c.. >> susie: where kelly, why did you do it now? >> i feel like we're ready now. first of all, things are so much better today than they were a year ago. our profit outlook is solid. we have plenty of cash on hand. we have a very strong balance sheet, with credit rating agencies affirming our credit rating today. so financially we're very well...
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Sep 25, 2010
09/10
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. >> the worst is probably behind us. the concern about a double dip is over and that now we should take advantage of the favorable seasonals in particular now that the mid term elections will soon be over. >> tom: the blue chips surge nearly 200 points, closing out a fourth straight week to the upside. you're watching "nightly business report" for friday, september 24. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> susie: good evening, everyone. the bulls are back on wall street. tom, investors were enthusiastic on some encouraging economic news: orders in august for things like machinery and computers were stronger than expected. >> tom: susie, this is the fourth week in a row that the major stock averages were positive and in a big way. let's run down the numbers from today's action. the dow jumped almost 200 points. the
. >> the worst is probably behind us. the concern about a double dip is over and that now we should take advantage of the favorable seasonals in particular now that the mid term elections will soon be over. >> tom: the blue chips surge nearly 200 points, closing out a fourth straight week to the upside. you're watching "nightly business report" for friday, september 24. this is "nightly business report" with susie gharib and tom hudson. "nightly business...
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Sep 25, 2010
09/10
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. >> it's a little difficult for us right now. there is competition. a lot of the friends who graduated with me are looking for the same position, and we all have the same credential. so there is a tough competition. >> reporter: does that make you worried at all? >> of course, because i really don't know when i'm going to get a job. hopefully soon. >> reporter: another problem: there are thousands of nurses and technicians who would normally be retiring right now. but the bad economy has them staying on the job. dade medical college c.e.o. ernesto perez thinks that's a short term situation. >> it's a logjam, but it's a logjam that in the not-too- distant future. the dam is going to be burst. we're looking at 1.8 million people in medicaid, that will impacting the state of florida directly by most estimates. when you look at that, we're going to be needing nurses, technologists, physicians. >> reporter: as for our stock broker turned nurse... he shook a lot of hands, and talked with a lot of people, and he's convinced he'll soon find a nursing job. >>
. >> it's a little difficult for us right now. there is competition. a lot of the friends who graduated with me are looking for the same position, and we all have the same credential. so there is a tough competition. >> reporter: does that make you worried at all? >> of course, because i really don't know when i'm going to get a job. hopefully soon. >> reporter: another problem: there are thousands of nurses and technicians who would normally be retiring right now. but...
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Sep 24, 2010
09/10
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he joins us for an exclusive interview about our trade issues with china. you're watching "nightly business report" for thursday, september 23. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> tom: good evening and thanks for joining us. president obama today met with china's premier in new york city, and, susie the leaders of the world's two biggest economies pledged to work together on boosting the global recovery. >> susie: but tom, in their public remarks, the men didn't talk about china's undervalued currency. instead, that's said to have topped the agenda for their private meeting. the issue-- keeping china's currency artificially low puts american exports at a disadvantage overseas. >> tom: lawmakers in washington, meantime, are closer than ever to acting on threats to penalize china over its currency. earlier today, i caught up with u.s. trade representa
he joins us for an exclusive interview about our trade issues with china. you're watching "nightly business report" for thursday, september 23. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> tom: good evening and thanks for joining us. president obama today met...
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Sep 23, 2010
09/10
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the stadium has been using the gillette name since it opened in 2002. >> jeff: here's some good news for older homeowners. beginning next month, the federal housing administration will offer a new form of reverse mortgage, featuring lower up- front costs on smaller loans. reverse mortgages are already popular with seniors, but they do have some special conditions. in tonight's "money profiles" segment,chmidt looks at one elderly man's experience, and how he nearly lost his home: >> it makes me sick. >> reporter: it's a bittersweet homecoming for 83-year-old louis gouveia. >> how could anybody do this to somebody? >> reporter: several months ago, the north miami home the world war ii veteran bought in 1961 was ransacked by intruders, who trashed the property. >> somebody's been sleeping here. >> reporter: years earlier, the house had been paid off. it was home to the decorated serviceman and his wife for decades. this was taken in 1958 in the everglades. but when his wife of 48 years passed away, gouveia found himself alone and in debt--- badly needing cash. >> hey, i was broke, you k
the stadium has been using the gillette name since it opened in 2002. >> jeff: here's some good news for older homeowners. beginning next month, the federal housing administration will offer a new form of reverse mortgage, featuring lower up- front costs on smaller loans. reverse mortgages are already popular with seniors, but they do have some special conditions. in tonight's "money profiles" segment,chmidt looks at one elderly man's experience, and how he nearly lost his home:...
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Sep 22, 2010
09/10
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jeff yastine joins us. the federal reserve kept its key interest rate at zero, but said it's ready to take action to boost the economy when the time is right. that announcement came today as the fed wrapped up its policy meeting in washington. susie, one thing that stood out at this meeting is the fed is getting more worried about inflation. the problem is, inflation is too low, and below what the fed considers acceptable. >> susie: that could be the catalyst for the fed to pump more money into the economy. so what will the central bank do next? suzanne pratt reports. >> reporter: two more meetings. one two-day event in early november, the other in mid december. that's the window the fed has left this year to boost the economy. but, whether the central bank eases monetary policy in the next few months depends on what happens with the economy. and, fed watcher dana saporta says it's clear now that policymakers have linked their next move to inflation, or more specifically, the lack of it. >> i think the fed
jeff yastine joins us. the federal reserve kept its key interest rate at zero, but said it's ready to take action to boost the economy when the time is right. that announcement came today as the fed wrapped up its policy meeting in washington. susie, one thing that stood out at this meeting is the fed is getting more worried about inflation. the problem is, inflation is too low, and below what the fed considers acceptable. >> susie: that could be the catalyst for the fed to pump more...
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Sep 21, 2010
09/10
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is it too late for us to jump- start u.s. manufacturing? >> i don't think it is. i think it's very important to do so. a lot of innovation is what i would call innovation on the shop floor. it matters that you're exposed to the actual manufacturing to learn how to do things better. it's very good jobs. what we need to do is stop tying our hands behind our back. stop ridiculously litigation costs, stop the corporate tax system that is highly uncompetitive. stop health care mandates that are threatening business and stop policy uncertainty. no one is saying subsidize manufacturing. let the energies of the private sector work. >> susie: is there any more than the federal reserve can do? policy makers meet tomorrow. >> there's some more the federal reserve can do in terms of long-term asset purchases but i don't think there's much more the fed can do at this point. what this really requires is a more stable government policy environment. >> susie: if president obama called you up and said, i want your advice, what's the key take-away message you would like him to get
is it too late for us to jump- start u.s. manufacturing? >> i don't think it is. i think it's very important to do so. a lot of innovation is what i would call innovation on the shop floor. it matters that you're exposed to the actual manufacturing to learn how to do things better. it's very good jobs. what we need to do is stop tying our hands behind our back. stop ridiculously litigation costs, stop the corporate tax system that is highly uncompetitive. stop health care mandates that...
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Sep 18, 2010
09/10
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so, silver is used around the world. so, as economic growth improves in places like india, china and the developing nations, that typically can be helpful for silver demand. >> reporter: the rally in metals has been so strong in recent days, some profit taking is expected. but analysts still see the outlook as positive over the months ahead. >> now that we've broken over these new highs, we have long positions on the comex, we certainly have big builds up in the e.t.f.'s, it's possible that we're going to see some profit- taking over the couple of months to come, but i think as we go into the elections we'll still see the pot boiling on gold right now. >> reporter: even at current levels, gold has a long way to go to reach its inflation- adjusted all-time high. that would be between $2,200 and $2,300 an ounce. scott gurvey, "nightly business report," new york. >> suzanne: setting up the new consumer financial protection bureau is a job that can't wait. that's what president obama said today, as he tapped elizabeth warren
so, silver is used around the world. so, as economic growth improves in places like india, china and the developing nations, that typically can be helpful for silver demand. >> reporter: the rally in metals has been so strong in recent days, some profit taking is expected. but analysts still see the outlook as positive over the months ahead. >> now that we've broken over these new highs, we have long positions on the comex, we certainly have big builds up in the e.t.f.'s, it's...